£329,393
This estimated value is based upon the latest sale price for the house of £250,000 on 4 Nov 2016. This value is then adjusted by the current Official House Price Index for NEWPORT 1
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| Price Paid | Date |
|---|---|
| £250,000 | 4 Nov 2016 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 sq feet |
This model uses changes in the Official Land Registry House Price Index for NEWPORT to estimate the market value.
When this house was purchased in November 2016 the House Price Index for NEWPORT was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £250,000 results in an estimated price of approximately £329,393.
| 4 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £250,000 | £79,393 | £329,393 |
The Postcode Pricing Model uses changes in average sales price within the NP19 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 37.803 % | £94,506 | £344,506 |
| 3 Month Average | 56.568 % | £141,420 | £391,420 |
| 6 Month Average | 52.991 % | £132,476 | £382,476 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £327,868 | £325,000 | 56 SPENCER WAY |
| 18 Aug 2023 | £302,648 | £300,000 | 84 SPENCER WAY |
| 18 Aug 2023 | £403,530 | £400,000 | 9 LYDNEY WALK |
| 16 Jun 2023 | £278,372 | £275,000 | 1 LYDNEY WALK |
| 10 Mar 2023 | £204,931 | £203,000 | 22 SPENCER WAY |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 11 Oct 2016. Using an estimated price of £329,394 means this house is valued at £2,941 per sq meter (£273 per sq foot).
The average size of a house on MELINGRIFFITH CLOSE is 118 sq meters (1,279 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Spencer Way |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spencer Way |
| Mar 2024 | Anti-social behaviour | On or near Spencer Way | |
| Feb 2024 | Anti-social behaviour | On or near Spencer Way | |
| Feb 2024 | Anti-social behaviour | On or near Spencer Way |